Business news

E.ON clears path for spin-off after record loss

Germanys largest utility E.ON suffered its biggest ever annual loss in 2014 after booking billions of euros in charges on its ailing power plants, clearing the way for it to spin off these assets that are suffering from ultra-low wholesale prices.

Mar 11, 2015

Inside the worlds first Google Shop

As a world first, Google unveiled its first “shop in shop” - The Google shop - in Currys PC World on Tottenham Court Road in London.

Mar 10, 2015

Tamil Film Producers Decide to Release Big Movies Only on 10 Festive Days in a Year

New rule by producers' council will affect big movies of stars like Rajinikanth, Kamal, Vijay, Ajith

Mar 10, 2015

Apple ‘understands’ fashion with new watch

The much anticipated Apple Watch was unveiled in San Francisco on 9 March and the device is already earning points with reviewers who praise not only its tech abilities, but also its fashion appeal.

Mar 10, 2015

Land Acquisition Bill: Government Moves 9 Amendments

Land acquisition to be kept at bare minimum; job for at least one member of affected family.

Mar 10, 2015

Reliance Entertainment to Partner Phantom Films

The company said this will be a 50:50 joint venture to create a powerful new force in Indian cinema.

Mar 8, 2015

Having Talks with Indian States on New Factory: Samsung

Samsung Electronics Co Ltd plans to build a third manufacturing plant in the country.

Mar 7, 2015

Dilip Sanghvi Replaces Mukesh Ambani as Richest Indian

While Ambani is worth Rs 1.38 lakh crore ($22.2 billion), Shanghvi is valued at Rs 1.39 lakh crore ($22.4 billion) at current prices.

Mar 6, 2015

ECB to launch €1tn bond buying scheme on 9 March

The European Central Bank said on 5 March that it will launch into quantitative easing next week having increased its economic growth forecasts for this year and next.

Mar 5, 2015

Ringling Bros. circus to stop elephant acts by 2018

Ringling Bros. and Barnum and Bailey Circus will eliminate its elephant acts - long an integral part of the spectacle billed as The Greatest Show on Earth - by 2018 amid ongoing criticism by animal welfare activists, the circus parent company said on 5 March.

Mar 5, 2015

Shoemaker Crocs delivering by drone

Shoemaker Crocs showed off a possible future alternative to heading out to their store on 5 March as they experimented with drones as a delivery option at a pop-up store.

Mar 5, 2015

McDonalds to drop antibiotics in chicken supply

McDonalds US restaurants will gradually stop buying chicken raised with antibiotics vital to fighting human infections, the most aggressive step by a major food company to change chicken producers practices in the fight against dangerous superbugs.

Mar 5, 2015

US Drug Maker AbbVie Inc to Acquire Cancer Biotech Pharmacyclics for $21 Billion

Pharmacyclics' Imbruvica will now be owned by AbbVie. The drug is a pill devoid of certain serious side effects of chemotherapy.

Mar 5, 2015

Flipkart boasts highest 'online shoppers' traffic, hires ex-Google executive to head product innovation

Indian e-commerce site Flipkart is enjoying the highest 'online shoppers' traffic, per MasterCard survey, but the company's not resting on its laurels.

Mar 5, 2015

RBI rate cut expected to prompt bankers to lower lending rates

RBI has made a surprise cut in repo rate by 25 basis points to bring it down to 7.50 percent. The move could be just what the doctor ordered. RBI governor Raghuram Rajan is confident that commercial banks will respond positively to the repo cut and cut their lending rates.

Mar 5, 2015